Manufacturing Industry
BOEING, NAVY NEAR SETTLEMENT OVER COMPOSITES A-12 AIRCRAFT CASE.
Advanced Materials & Composites News, June, 2002
The Boeing Co., General Dynamics Corp. and the Navy have agreed in principle to a settlement of one of the largest and longest-running lawsuits in Pentagon history, The Washington Times reported Friday. The proposed settlement reportedly would require the contractors to pay the federal government more than $2 billion.
Payment would come in the form of paying contract costs out of pocket, providing free logistics support for deployed weapons systems and giving the Navy and Army four Gulfstream jets for VIP travel. Deputy Defense Secretary Paul Wolfowitz is expected within days to host a meeting of Pentagon and Navy officials to approve settlement of the decade-old case according to recent news. The two defense contractors originally sued the Pentagon over...
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